How to Save Your 401(k): Invest in Africa

Stockbrokers on the trading floor of the Nigerian Stock Exchange in Lagos Photograph by Utomi Ekpei/AFP via Getty Images

With only 85 days left until the next opportunity for Congress to unleash apocalypse on Wall Street in the form of a debt default, it’s a great moment to think about reducing risk in your investment portfolio. Because bourses worldwide have globalized, a U.S. debt default would almost certainly roil markets from New York to New Delhi. Luckily for the risk-averse, there’s still one set of markets out there that may stay bubo-free when the NYSE catches the plague. If you want to preserve at least a part of your retirement nest egg from Washington-induced calamity, start buying up stocks in Africa.

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